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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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BFCSA: Angry Letters to JOSH FRYDENBERG re Sterling Collapse # 10

Posted by on in ROYAL COMMISSION INTO ASIC NEGLIGENCE
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Dear mr frydenberg 

 

How can this happen I have lost everything my life’s savings working hard all my life 

 I cannot believe you and your government can let asic create a major problem

 

 Surely you have meetings once a month asic has destroyed so many lives mostly retirees

 

 I hope this will never happen to your parents as the stress would be far to great to comprehend

 

Be a man  and sort this major problem out created by asic pay us compensation  before some of these retirees 

Are hospitalised and possibly die there are two that are terminally sick if not I think you should resign as treasure 

There are over 800 people affected by this scam that asic new about if you do not take the bull by the horns and 

Sort this problem out the government has created you will always be a weak man in my eyes 

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Guest Thursday, 21 November 2019